Business Context and Reporting Period
Company: Super X AI Technology Limited
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Date: August 22, 2025
Principal Office: Singapore
Context: The Company announced the completion of a private placement of ordinary shares and warrants to four purchasers between July 30 and August 4, 2025.
Key Financial Metrics
| Metric | Value |
|---|---|
| Gross Proceeds Raised | $29,043,900 USD |
| Total Ordinary Shares Issued | 3,100,000 |
| Shares Issued Without Warrants | 900,000 |
| Purchaser Warrants Issued | 733,333 |
| Price Per Unit/Share | $9.369 USD |
| Revenue/Profit/Cash Flow | Not provided in this filing |
| Debt/Liquidity | Not provided in this filing |
Material Changes
This filing reports a specific capital raising event rather than a comparative period financial statement. The material change is the increase in equity capital and share count resulting from the private placement. The filing does not provide prior period financial data for comparison.
Outlook, Risks, and Use of Proceeds
- Use of Proceeds: Net proceeds will fund research, development, and production of AI servers; explore AI sector investment opportunities; and supplement general working capital.
- Restrictions: Securities are unregistered and subject to transfer restrictions. Purchasers cannot offer or sell shares/warrants for six months from the closing date, except under Regulation S, an effective registration statement, or an exemption.
- Management Commentary: The transaction was executed at a fixed price irrespective of market fluctuations.
Investor Verification Checklist
- Verify the exact closing date of the private placement to calculate the six-month lock-up expiration.
- Confirm the dilution impact of the 3,100,000 new shares on existing shareholders.
- Review the attached Exhibits 10.1, 10.2, and 10.3 for specific warrant exercise terms and conditions.
- Monitor future filings for the actual deployment of the $29 million in proceeds toward AI server production.